FBL Financial Group Declares Quarterly Dividend of $0.46 (FFG)

FBL Financial Group (NYSE:FFG) announced a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.46 per share by the financial services provider on Monday, December 31st. This represents a $1.84 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, December 13th.

FBL Financial Group has raised its dividend payment by an average of 7.9% per year over the last three years and has raised its dividend every year for the last 5 years. FBL Financial Group has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FBL Financial Group to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 37.2%.

NYSE:FFG opened at $70.75 on Friday. FBL Financial Group has a one year low of $64.00 and a one year high of $85.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market cap of $1.77 billion, a P/E ratio of 16.38 and a beta of 0.91.

FBL Financial Group (NYSE:FFG) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. FBL Financial Group had a net margin of 26.31% and a return on equity of 9.24%. The business had revenue of $188.11 million for the quarter, compared to analyst estimates of $185.05 million. Research analysts anticipate that FBL Financial Group will post 4.87 EPS for the current fiscal year.

FFG has been the topic of several research reports. ValuEngine lowered shares of FBL Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of FBL Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th.

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FBL Financial Group Company Profile

FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.

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Dividend History for FBL Financial Group (NYSE:FFG)

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